Answer:
Explanation:
From the information given:
(a)
The total production available for the professional computers at the time Mexico uses all resources for production = 30
The total production of computer games at this time = 3 × 30 = 90
Thus, from above, the production possibility curve can be seen in the image attached below.
(b)
The opportunity cost of one professional computer is three computer games. This because, for them to produce one more computer, it is required that they give up three computer games.
(c)
Yes, it is subject to Increasing.
This because the opportunity cost of 1 computer = 3 games
For two computers = 2 × 3 games = 6 games
For three computers = 3 × 3 games = 9 games ... and so on.
(d)
Professional computer production is considered a Capital good.
(e)
Mexico should increase the production of professional computers because they help in more rapid economic growth.
Assume that Nevermore, Inc., a U.S.-based subsidiary wants to raise $US 1 million by issuing a bond denominated in Pakistani rupees (PKR). The current exchange rate of the rupee is $.02
How many PKR does the MNC need to obtain the $US 1 million needed?
Answer: 50,000,000 Pakistani rupees (PKR)
Explanation:
The company wants to raise enough money in Pakistani rupees to match a million American dollars.
The rate is a Rupee to $0.02.
A million dollars will be:
= 1,000,000/0.02
= 50,000,000 Pakistani rupees (PKR)
What is the best definition of marginal cost?
the possible income from producing an additional item
the price of producing one additional unit of a good
the additional income gained from selling an additional good
the financial gain from business activity minus expenses
Answer:
B
Explanation:
100% ed genuity
The best definition of marginal cost is B. the price of producing one additional unit of a good or service.
What is marginal cost?The marginal cost or variable cost is the change in the total production cost resulting from producing one additional unit.
The marginal cost can be computed by dividing the total cost by the total quantity.
Thus, the best definition of marginal cost is Option B.
Learn more about marginal cost at https://brainly.com/question/16615264
Alex is a member of a corporate sales team who frequently speaks in front of groups as part of sales presentations. He has now been asked to give a toast at his brother's upcoming wedding. Alex is used to speaking on formal occasions, but is unsure of the best way to deliver a lighter speech. He decides to do a little research before the wedding. Select the statement that describes a strategy Alex could use to deliver a lighter speech.
a. Alex tells a story about his brother that causes his friends and family in the audience to laugh.
b. Alex periodically interrupts his remarks in order to deliver extremely embarrassing jokes about his brother.
c. Alex comprehensively prepares a long statement that he plans to deliver verbatim when it is time for his toast.
d. Alex delivers a detailed outline of the points he would like to address at the start of his toast.
Answer: Alex tells a story about his brother that causes his friends and family in the audience to laugh.
Explanation:
The statement that describes a strategy that Alex could use to deliver a lighter speech will be for Alex to tell a story about his brother that causes his friends and family in the audience to laugh.
It's but proper for Alex to tell an embarrassing joke about his brother. Also, preparing a long statement to be delivered when it's time to toast can make the event boring.
Therefore, the correct option is A.
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $ 30.3 Accounts receivable 19.8 Inventory 27.5 Other current assets 28.4 Total current assets $106.0 Total current liabilities $200.0 Compute working capital and the current ratio. (For working capital, enter answer in millions. If answer is negative enter it with a negative sign preceding the number e.g. -15.2 or in parentheses e.g. (15.2). Round current ratio to 2 decimal places, e.g. 0.78 : 1.)
Answer:
Working Capital = Current Assets - Current Liabilities
Working Capital = $106 million - $200 million
Working Capital = -$94 million
Current Ratio = Current Assets/Current Liabilities
Current Ratio = $106 million / $200 million
Current Ratio = 0.53 : 1
Grade it Now scoring options Averaging: The score that is reported to your instructor is the average score of your attempts as of the deadline, including any work you have saved but not submitted for grading. For example, in the following table, the final score is 6.3 because it is the average of the (4106.3). 4,10 three scores Keep the Highest: Your score is calculated by taking the highest score of the attempts you make. Using the example in the following table, the final score is 10 because it is your highest scote. The other attempts are not counted. Do No Harm: The goal of this method is to encourage you to practice without fear of decreasing your score. Your first attempt is your base score; the second attempt counts and is averaged with the first only if it is higher than the first; the third attempt counts (as an equal part) if it is higher than the average of the previously counted attempts. In other words, additional attempts that will negatively affect your overall average will not be taken into account. The example in the following table shows the final score is 7.5 (the average of score and is, therefore, not included. because the second attempt would lower your overall 5 and 10, 0r Grade it Now Scoring Examples Final Score Third Attempt Second Attempt First Attempt 6.3 10/10 4/10 5/10 Averaging 10/10 10.0 4/10 5/10 Keep the Highest 7.5 10/10 4/10 5/10 Do No Harm Which Grade it Now scoring option ensures that each attempt always attects your tinal score? O Do No Harm O Averaging Keep the Highest Imagine that your instructor chose to use the Averaging scoring method in Grade it Now mode. Here are your scores: First attempt: 4/10 Second attempt: 6/10 Third attempt: 2/10
What would be your final score?
a. 4
b. 5
c. 6
Answer:
I think 6
Explanation:
HEY BESTIES ANSWER QUICKLY AND ILL MARK BRAINLIEST
Which statements describe letterheads?
They should have a different design than the business card.
They provide the contact information for a business.
They are seldom needed in small organizations.
Business cards and letterheads should be of similar design.
They have the same information as a business card.
Answer:
B- They provide the contact information for a business.
E- Business cards and letterheads should be of similar design
Explanation:
A letterhead is the heading found at the top of a paper and it usually includes the name of the organization, the logo and the contact information. The letterheads help to provide a professional image and consistency should be maintain in all the business stationery. According to that, the answer is that the two statements that describe letterheads are: they provide the contact information for a business and business cards and letterheads should be of similar design.
hope this helps pls let me know
Categorizing U.S. taxes
Which of the following taxes are regressive?
a) A sales tax that adds 5% to the sale of all items
b) The U.S. payroll tax (a constant tax on wages up to a certain amount, after which the marginal tax rate is 0%) is a tax.
c) The U.S. income tax
Answer:
A
Explanation:
A regressive tax is a tax system where the same tax rate is applied uniformly. As a result, those earning less income are taxed higher than those earning more income.
Sales tax is an example of a regressive tax.
If sales tax is 5%. Worker A earns $100 and worker B earns $1000. Both buy a good worth $50 before tax. the sales tax is worth $2.5.
The tax comprises $2,5 / 100 = 2.5% of worker A's income and $2,5 / $1000 = 0.025% of Worker B's income.
It can be seen that worker A who earns less income is taxed higher
Imagine that a new technology is invented that makes it very cheap to produce highly efficient solar panels that can be put on cars stuff. Give the effect in the following markets.
a. price of solar panels
b. quantity of solar panels
c. price of oil
d. quantity of oil
e. price of tires
f. quantity of tires
Answer
Quantity of solar panels increase , Price of solar panels decrease
Quantity of tires increase, Price of tires increase
Quantity of oil decrease, Price of oil decrease
Explanation:
Supply is directly related to technological upgradation.
So, technical upgrade will increase ie rightwards shift the supply curve. Hence, quantity of solar panels will increase.
Increase in supply will create competition among sellers, so the price of solar panels will decrease
Tires are complementary goods to car solar panels. Price & quantity of complements are inversely related. Lower priced solar panels imply higher demand quantity of tires. Increase & rightwards shift in demand implies competition among buyers & tires' price increase.
Oil is a substitute good to solar panels. Price & quantity of substitutes is directly related. Lower priced solar panels imply lower oil demand quantity. Decrease & leftwards shift in demand curve implies excess supply & competition among sellers, so price of tires decrease.
Which of the following situations generally exists when disinflation occurs?
Select one:
a. the rate of inflation is falling from 5% to 3%
b. the rate of inflation falling from 3% to -2%
c. 3% decrease in inflation and 2% fall in unemployment rate
d. 5% increase in inflation and 3%
increase in unemployment rate
= the rate of inflation is falling from 5% to 3%
Answer:
d. 5% increase in inflation and 3% increase in unemployment rate
Explanation:
Disinflation is a term that describes the slowing down of the rate of inflation. Disinflation will occur when inflation was rising at a high rate, and then it starts to rise at a decreasing rate. Disinflation may be a result of contractionary measures.
Disinflation is a positive situation in the economy because it represents a corrective measure. Inflation was rising at a high rate but has since started to slow down. Disinflation is different from deflation, which is a negative inflation rate. Inflation slowing from 5% to 3% is disinflation.
Following are selected income statement and balance sheet data for companies in different industries.
$ millions Sales Cost of Gross profit Net income Assets Liabilities Equity
goods sold
Harley- $ 5,342 $ 3,302 $ 2,040 $ 960 $ 5,255 $2,171 $ 3,084
Davidson
Nike, Inc. 13,740 7,624 6,116 1,212 8,794 3,149 5,645
Starbucks 6,369 2,605 3,764 494 3,514 1,423 2,091
Corp.
Target 51,271 34,927 16,344 2,408 34,995 20,790 14,205
Corp.
a) Compute the following ratios for each company. Round all answers to one decimal place (percentage answer example: 0.2345 = 23.5%). Note: The liabilities to stockholders' equity ratio should not be converted into a percentage answer (round answers to one decimal place, for
Company Gross Profit/ Net Income/ Net incom/ Liabilities/
sales sales Equity equity
Harley-Davidson
Nike, Inc.
Starbucks Corp.
Target Corp.
(b) Which of the following statements about business models best describes the differences in gross (and net) profit margin that we observe?
a. The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away.
b. The lower gross profit companies are those that can manufacture their products at the lowest cost.
c. The higher gross profit companies are those that sell the highest unit volumes.
d. The lower gross profit companies are those that charge a higher price for their products.
Answer:
Which of the following statements about business models best describes the differences in gross
a.The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away
Explanation:
Sales Cost Gross profit Net In.Assets Liabilities Equity
Harley- 5,342 3,302 2,040 960 5,255 2,171 3,084
Nike, 13,740 7,624 6,116 1,212 8,794 3,149 5,645
Starbucks6,369 2,605 3,764 494 3,514 1,423 2,091
Target 51,271 34,927 16,344 2,408 34,995 20,790 14,205
Gross Profit Harley- 38.2% Net Income Harley- 18.0%
Nike, 44.5% Nike, 8.8%
Starbucks 59.1% Starbucks 7.8%
Target 31.9% Target 4.7%
Liabilities Harley- 0.70 ROE Harley- 1.7
Nike, 0.56 Nike, 2.4
Starbucks 0.68 Starbucks 3.0
Target 1.46 Target 3.6
a.The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away.
Using the following routing information and a From-To Chart, determine the total flow efficiency of the parts assuming an alphabetical order. Give your results in terms of percentage, not as a decimal value, i.e., 54.3 as opposed to .543.
Part Order Relative Weighted Value
1 R E B D C A S 4
2 R A B C D E S 2
3 R C B D A E S 3
Answer:
hello your question is incomplete attached below is the complete question
answer: 28.12%
Explanation:
The first table is the allotting of relative weighted value in from to chart and also finding the Total.
The second table is found by multiplying 1-times cell distance in the upper 2-times with cell distance in lower triangular values.
Hence Flow efficiency = (Total / penalty ) * 100
= ( 36 / 128 ) * 100 = 28.12%
Which of the following is the basis for research surveys?
O problem-solving strategy
O scientific method
O trial and error
O pattern recognition
Answer:
c. pattern recognition
The answer is:
scientific methodAnother factor influencing business ethics is _____, or what is fair according to prevailing standards of society.
Group of answer choices
equity
utilitarianism
validity
righteousness
justice
Answer: Justice.
Explanation: Justice is a moral principle that leads people to act in the correct way according to established laws. When speaking at the business level, justice seeks that people are paid in a reasonable way according to their functions, that there is no inequality, and that everyone can receive the treatment they deserve.
Use the following information from BSJ Industries to determine the predetermined overhead rate based on direct labor costs. (Round your final answer to 2 decimal places.)
Direct labor hours 50,000
Average hourly pay rate $ 16.00
Manufacturing overhead $ 1,400,000
Answer:
The predetermined overhead rate based on direct labor costs is $1.75 per dollar of direct labor cost.
Explanation:
Predetermine overhead rate is an overhead application rate that is used to allocate the estimated overheads to calculate the estimated cost to manufacture a product while budgeting and planning. The predetermined overhead rate is calculated using an allocation base e.g direct labor hours or machine hours etc.
In the given question the predetermined overhead rate can be calculated as follow
First, we need to determine the direct labor cost
Direct labor cost = Direct Labor hours x Average hourly pay rate
Where
Direct Labor hours = 50,000 hours
Average hourly pay rate = $16.00 per hour
Placing values in the formula
Direct labor cost = 50,000 hours x $16.00 per hour = $800,000.00
Now use the following formula to calculate the predetermined overhead rate
Predetermined Overhead rate = Manufacturing overheads / Direct Labor cost = $1,400,000 / $800,000 = $1.75 per dollar of direct labor cost
A manager of a large retail firm is interested in knowing what the company's product costs are. Which of the following would be considered a product cost for the manager's company?
A) Direct materials.
B) Product design cost.
C) Office expenses.
D) Selling expenses.
E) Advertising expense.
Answer: Direct materials.
Explanation:
Product cost us referred to as a cost that used to incur production and used to make a particular product. The product cost. The product costs are made up of the direct labor, the direct materials, factory overhead and the production supplies.
Of the options given, the one that'll be considered a product cost for the manager's company will be Direct materials.
What is a positive and what is a normative statement?
Answer:
normative statement: conclusions based on value judgments that cannot be tested
positive statement: conclusions based on logic and evidence that can be tested.
Hope that helps
Have a good day
Stocks A and B have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the following statements is correct?
A B
Price $25 $40
Expected growth 7% 9%
Expected return 10% 12%
A) The two stocks should have the same expected dividend
B) The two stocks could not be in equilibrium with the numbers given in the question
C) A's expected dividend is $0.50
D) B's expected dividend is $0.75
E) A's expected dividend is $0.75 and B's expected dividend is $1.20
Answer: E) A's expected dividend is $0.75 and B's expected dividend is $1.20
Explanation:
Using the Gordon growth model, you can calculate the expected dividend. The formula is:
Price = Expected dividend/ (expected return - expected growth)
Stock A expected dividend
25 = D/ (10% - 7%)
D = 25 * 3%
= $0.75
Stock B expected divided
40 = D / (12% - 9%)
D = 40 * 3%
= $1.20
Option A, C and B are therefore wrong.
Option E is correct.
Mudvayne, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 18 years to maturity that is quoted at 107 percent of face value. The issue makes semiannual payments and has an embedded cost of 6 percent annually.
1. What is the companys pretax cost of debt?
2. If the tax rate is 35 percent, what is the aftertax cost of debt?
Answer:
A. 5.42%
B. 3.52%
Explanation:
A. Calculation for the companys pretax cost of debt
Using this formula
Pretax cost of debt= [Coupon payment +(Face value - price/Number of years)]/[(Face value - price)/2]
Let plug in the formula
Pretax cost of debt = (6%+((100%-107%)/18 years))/((100%+107%)/2)
Pretax cost of debt = 5.42%
Therefore the Pretax cost of debt will be 5.42%
B. Calculation for the aftertax cost of debt
After tax cost of debt = 5.42%*(1-35%)
After tax cost of debt = 5.42%*65%
After tax cost of debt = 3.52%
Therefore the After tax cost of debt will be 3.52%
The American Management Association created a statement of ethics to guide members in the marketing profession
True
False
You are the general manager of a high end, full service restaurant. You just placed a $10,000 wine order for two upcoming events. As a thank you, the supplier just stopped by to give you a voucher for a two-night stay at an inn which included dinner and a tasting at the winery. Using the guidelines listed below, analyze the situation. What are your conclusions?
Ethical Guidelines from Textbook (Dopson)
Is it legal?
Any course of action that violates written law or company policies and procedures is wrong.
Does it hurt anyone?
Are benefits accruing to the manager that rightfully belong to the owner of the business? Discounts, rebates, and free products are the property of the business, not the manager.
Am I being honest?
Is the activity one that you can comfortably say reflects well on your integrity as a professional, or will the activity actually diminish your reputation?
Would I care if it happened to me?
If you owned the business, would you be in favor of your manager behaving in the manner you are considering? If you owned multiple units, would it be good for the business if all of your managers followed the considered course of action?
Would I publicize my action?
If you have trouble remembering the other questions, try to remember this one. A quick way to review the ethical merit of a situation is to consider whom you would tell about it. If you are comfortable telling your boss about the considered course of action, it is likely ethical. If you would prefer that your actions go undetected, you are probably on shaky ethical ground. If you wouldn’t want your action to be read aloud in a court of law (even if your action is legal), you probably shouldn’t do it.
Answer:
Follows are the solution to the given question:
Explanation:
When they look at the issue in which they start taking the voucher for just a two-night stop at such an accommodation which involves dinner or alcohol degustation, it could be seen as a move to give gratitude to both the supplier but also in breach of the policy and ethics standards established out from the issue. Any other kind of coupon, bribe, and another way of responding to just the supplier's request can be regarded as unethical as it may hinder or affect only judgment, and it also generates a conflict of interest in potential.
If we look at the second law, though, it states that every voucher and voucher earned in support of the role held by the individual belongs to a company, so that the vouchers earned by the manager become owned by the company. Concurrently, the approval of vouchers also questions the honesty or professional integrity of a director.
On consideration of all of the above reasons, the coupon must be rejected by the director or sent to the client because any voucher or coupon was its owner of the employer.
How do lenders and borrower's requirements differ in financial services?
Answer:
Borrowers often require quite large quantities of funds whereas the lender generally will only have smaller amounts of surplus funds; in other words, the capacity of the lender is less than the size of the investment project. For example, the purchase of a house is likely to require more funds than can be provided by any individual lender.
Answer:
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Which of the following is/are inconsistent with the semi-strong form of the efficient market hypothesis? [I] Significant non-random price movements [II] Price overreaction to the public release of new information [III] Superior performance of professional traders [IV] Abnormal profits from illegal insider trading
A. I and III
B. II and IV
C. I and II
D. All are inconsistent with the semi-strong form of the EMH
Answer:
C. I and II
Explanation:
Semi strong form of efficient market hypothesis is a situation where stock prices adjust quickly to any new public information that circulates in the market. It assumes that stock prices incorporates the effect of all information which is publicly available in the market.
At December 31, 2021, Hull-Meyers Corp had the following onvestments that were purchased during 2021, its first year of operations
The money demand curve will shift to the left when:
Select one:
a. none of the Options
b. an increase in income
c. sale of government bonds by RMA
d. a reduction in the interest rate
= none of the Options
Answer:
B. an increase of income
Explanation:
The curve shifts to the left if the determinant causes demand to drop. That means less of the good or service is demanded at every price. That happens during a recession when buyers' incomes drop. They will buy less of everything, even though the price is the same.
The following equation shows the transactions of Cotton Cleaning Service during May. The business is owned by Taylor Cotton.
Answer:
Cool
Explanation:
How is poverty anywhere a threat to prosperity everywhere?
Answer: Here poverty can be explained as a barrier to growth.
Explanation:
Although we indeed live today in a globalized world, where there are greater opportunities for more people, poverty continues to be a problem that can be a barrier to the growth of wealth.
Poverty interferes with the growth of the human being since it limits it and does not allow it to develop its potential, which leads it to remain at the same level where it was and contributes to the growth of poverty.
When poverty is higher, prosperity is lower. Inequalities in many aspects are becoming more marked and although it is true there seem to be greater opportunities, many times those people who come from poverty face difficulties to get out of there, which makes it a kind of circle.
Mutually exclusive projects are those whose cash flows are unrelated to one another the acceptance of one does not eliminate the others from further consideration.
a. True
b. False
Answer: False
Explanation:
Mutually exclusive projects are the projects that compete directly with themselves in such a way that an individual can only choose one out of two projects and both cannot occur at thesame time.
The cash flows for a mutually exclusive projects compete with one another and when one accepts a project, it means that the other project can't be accepted.
Your text indicated that several groups were protected by federal equal opportunity legislation. In these examples, indicate whether the group in question would be considered a federally protected class. In making your decision, do not take into account who you think would win the case. Instead, base your answer only on whether the person making the complaint is in a federally protected class. Assume that each organization has at least 15 employees. Write down your responses.
a. A recently retired military veteran was not offered a job for which she was qualified.
b. A Mormon says his religion forbids him to work on certain days.
c. A person who is hearing impaired claims she is disabled.
d. A homosexual applicant wasn’t hired because of his sexual orientation.
e. A male wasn’t hired for a sales position in a retail store specializing in women’s shoes.
f. A 24-year old woman wasn’t hired for a managerial position because she was too young.
g. A Norwegian applicant claimed he wasn’t hired because a Chinese restaurant hired only Asians.
h. A light-skinned African American would not hire a dark-skinned African American.
i. A store wouldn’t hire anyone with a college degree because it thought they were snobs.
j. A fast-food chain refused to hire any males with long hair.
Answer:
a. A recently retired military veteran was not offered a job for which she was qualified. Yes ( Veterans)
b. A Mormon says his religion forbids him to work on certain days. Yes ( Religion)
c. A person who is hearing impaired claims she is disabled. Yes (Disability)
d. A homosexual applicant wasn’t hired because of his sexual orientation. Yes (Sex: Sexual orientation)
e. A male wasn’t hired for a sales position in a retail store specializing in women’s shoes. Yes (Sex)
f. A 24-year old woman wasn’t hired for a managerial position because she was too young. No ( Age considerations begins from 40)
g. A Norwegian applicant claimed he wasn’t hired because a Chinese restaurant hired only Asians. Yes (national origin)
h. A light-skinned African American would not hire a dark-skinned African American. Yes (genetic discrimination)
i. A store wouldn’t hire anyone with a college degree because it thought they were snobs. No
j. A fast-food chain refused to hire any males with long hair. No
Explanation:
The federally protected class are a group of people whom the law in the United States protects from discrimination especially in the employment setting. They are grouped under race, religion, sex, pregnancy, familial, national origin, genetic discrimination, veterans, and disability. Options f, i, and j do not fall under these classes.
f. The age discrimination in Employment Act applies for people from the age of 40.
i. College degree is not a consideration among the federally protected class.
j. Gender or sex is not the issue here but a feature of the gender.
If workers demand and receive higher real wages as a result of successful wage push, the cost of production __and the aggregate supply curve shifts
Select one:
a. falls; left
b. rises; left
c. falls, right
d. rises; right
= rises; left
Answer:
b. rises; left
Explanation:
Wage is the amount incurred in compensating workers for their services. It is a major expense for producers. Wage is one of the inputs in the manufacturing process; producers need labor services to continue operating. An increase in wages raises the production cost of the finished goods.
An increase in the cost of production may limit the quantity of output from the producers. As production cost increase, producers will require additional funds to finance the high production costs. Since resources are scarce in every industry, producers may opt to lower their output to avoid incurring high costs. A decrease in the production volume shifts the aggregate supply curve to the left.
The gross domestic product (GDP) of the United States is defined as the all in a given period of time.
Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2017.
a. Roadway Motors, a U.S. automobile company, produces a convertible at a plant in Germany on March 10, 2017. Roadway Motors imports the convertible into the United States on May 20, 2017.
b. Zippycar, a U.S. automobile company, produces a convertible at a manufacturing plant in Minneapolis on January 21, 2017. It sells the car at a dealership in Houston on February 10, 2017.
c. Sofaland, a Swedish furniture company, produces a table at a plant in Virginia on December 5, 2017. It sells the table to a college student on December 24.
d. You chop down a cherry tree on your property in California and make a dining room table in 2017. A similar table sells for $800 in a local furniture store.
e. Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 13, 2017. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in the United States in 2017.
Answer:
Explanation:
1. Excluded.
Reason: The production has taken place outside the boundary of the country, so it is not included in the GDP of US
2. Included.
Reason: The production has taken place within the boundary of the country, so it is included in the GDP of US
3. Included.
Reason: The production has taken place within the boundary of the country, so it is included in the GDP of US
4. Excluded.
Reason: The table was not created for selling purpose in the market. It was done as hobby and hobbies are not included in national income
5. Excluded.
Reason: The product was sold as a raw material to other firm, therefore, it is not included in the GDP of the US